Access to affordable housing is a top challenge facing low- and moderate-income communities in New England, according to a new survey from the Federal Reserve Bank of Boston.
The survey, which incorporates observations and commentary from New England organizations working with low- and moderate-income populations, found that 57% of respondents cited access to affordable housing as a top challenge. Of those respondents who chose lack of affordable housing, cost is cited as the factor that most affects the availability of affordable housing, followed by lack of capital and competition for grants/subsidy funding.
Among other challenges facing low- and moderate-income communities are the availability of job opportunities, state, local and federal budget cuts and home foreclosures, according to the survey.
For more information and the read the survey report, click here.